Answer all of the following Questions 3 mm 1. Prepare adjusting entries for the following transactionet On June 1, the piny received an advance of 524,000 cash from the client for 12 months machinery maintenance services charges and it was credited to the earned service revenue account. As on Nov 3, the company has earned 6 months of the advance clures received As on December 31, the company own commission charge of $10,000 to its distributors The commission charges are not yet paid by the company and intend to pay it in the next accounting year. Account title and explanation Dr. Cr. Date of the transaction